Perpetual or limited interest in property--Duration of enjoyment.

  1. Law
  2. South Dakota Codified Laws
  3. Property
  4. Present And Future Interests In Property
  5. Perpetual or limited interest in property--Duration of enjoyment.

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43-3-21. Perpetual or limited interest in property--Duration of enjoyment.

In respect to the time of enjoyment, an interest in property is either perpetual or limited.

A perpetual interest has a duration equal to that of the property.

A limited interest has a duration less than that of the property.

Source: CivC 1877, §§180, 183, 184; CL 1887, §§2696, 2699, 2700; RCivC 1903, §§203, 206, 207; RC 1919, §§276, 277; SDC 1939, §51.0215.


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